General Dynamics Corporation (GD)

General Dynamics Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 28, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	51,509	47,716	42,272	39,407	38,469	37,925
Revenue Growth (YoY)	11.86%	12.88%	7.27%	2.44%	1.43%	-3.62%
Cost of Revenue	43,614	40,352	35,600	32,785	32,061	31,600
Gross Profit	7,895	7,364	6,672	6,622	6,408	6,325
Selling, General & Admin	2,567	2,595	2,965	2,021	2,027	2,113
Operating Expenses	2,567	2,595	2,965	2,021	2,027	2,113
Operating Income	5,328	4,769	3,707	4,601	4,381	4,212
Interest Expense	-396	-393	-399	-391	-431	-489
Interest & Investment Income	69	69	56	27	7	12
Other Non Operating Income (Expenses)	71	95	620	-201	-84	3
EBT Excluding Unusual Items	5,072	4,540	3,984	4,036	3,873	3,738
Pretax Income	5,072	4,540	3,984	4,036	3,873	3,738
Income Tax Expense	857	758	669	646	616	571
Earnings From Continuing Operations	4,215	3,782	3,315	3,390	3,257	3,167
Net Income	4,215	3,782	3,315	3,390	3,257	3,167
Net Income to Common	4,215	3,782	3,315	3,390	3,257	3,167
Net Income Growth	15.83%	14.09%	-2.21%	4.08%	2.84%	-9.10%
Shares Outstanding (Basic)	270	274	273	275	280	287
Shares Outstanding (Diluted)	273	277	276	278	282	288
Shares Change (YoY)	-1.49%	0.64%	-0.88%	-1.36%	-2.05%	-1.00%
EPS (Basic)	15.61	13.81	12.14	12.31	11.61	11.04
EPS (Diluted)	15.44	13.63	12.02	12.19	11.55	11.00
EPS Growth	17.69%	13.39%	-1.40%	5.54%	5.00%	-8.18%
Free Cash Flow	4,801	3,190	3,802	3,485	3,364	2,832
Free Cash Flow Per Share	17.58	11.50	13.79	12.53	11.93	9.84
Dividend Per Share	5.920	5.680	5.280	5.040	4.760	4.400
Dividend Growth	6.09%	7.58%	4.76%	5.88%	8.18%	7.84%
Gross Margin	15.33%	15.43%	15.78%	16.80%	16.66%	16.68%
Operating Margin	10.34%	9.99%	8.77%	11.68%	11.39%	11.11%
Profit Margin	8.18%	7.93%	7.84%	8.60%	8.47%	8.35%
Free Cash Flow Margin	9.32%	6.69%	8.99%	8.84%	8.74%	7.47%
EBITDA	6,240	5,655	4,570	5,485	5,271	5,090
EBITDA Margin	12.11%	11.85%	10.81%	13.92%	13.70%	13.42%
D&A For EBITDA	912	886	863	884	890	878
EBIT	5,328	4,769	3,707	4,601	4,381	4,212
EBIT Margin	10.34%	9.99%	8.77%	11.68%	11.39%	11.11%
Effective Tax Rate	16.90%	16.70%	16.79%	16.01%	15.90%	15.28%
Revenue as Reported	51,509	47,716	42,272	39,407	38,469	37,925

Updated Oct 24, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q